Core Natural Resources (NYSE:CNR) Trading 3.8% Higher – Time to Buy?

Core Natural Resources, Inc. (NYSE:CNR) was up 3.8% during mid-day trading on Tuesday . The stock traded as high as $78.28 and last traded at $77.60. Approximately 177,043 shares traded hands during trading, a decline of 84% from the average daily volume of 1,107,774 shares. The stock had previously closed at $74.73.

Analysts Set New Price Targets

Several research firms recently commented on CNR. B. Riley lowered their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Benchmark restated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Stock Performance

The company’s 50-day moving average price is $96.16 and its two-hundred day moving average price is $128.83. The company has a market cap of $4.19 billion, a P/E ratio of 8.16 and a beta of 1.65. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The firm had revenue of $595.29 million during the quarter, compared to analysts’ expectations of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. As a group, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 3rd. Core Natural Resources’s payout ratio is 4.16%.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds have recently modified their holdings of CNR. GAMMA Investing LLC raised its holdings in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its position in shares of Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after acquiring an additional 170 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Company Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.